---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-122604"
form_type: "8-K"
ticker: "ARI"
cik: "0001467760"
company_name: "Apollo Commercial Real Estate Finance, Inc."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:29:31.305231+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ARI Q1 net loss $0.76/share; $142M CECL allowance on NYC condo loan

## Summary
- Net loss per diluted share ($0.76); Distributable Earnings $0.35/share.
- Recorded ~$142M CECL allowance on a mezzanine loan for an NYC ultra-luxury condo development.
- Book value per share declined $1.00 due to the allowance; dividend remains $0.35/share.
- No additional Specific CECL Allowances recorded on other loans during Q1.
- Dividend maintained at $0.35 per share for 16th consecutive quarter.

## SEC filing metadata
- accession: 0001193125-24-122604
- form_type: 8-K
- ticker: ARI
- cik: 0001467760
- company_name: Apollo Commercial Real Estate Finance, Inc.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1467760/000119312524122604/0001193125-24-122604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1467760/000119312524122604/d821305d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-122604
- JSON: https://secwatch.observer/filing/0001193125-24-122604.json
- Plain text: https://secwatch.observer/filing/0001193125-24-122604.txt

## Key facts
- Earnings Releases
  Apollo Commercial Real Estate Finance, Inc. reported the quarter ended March 31, 2024 results: net income Net loss attributable to common stockholders per diluted share of common stock was ($0.76).
  - Period: the quarter ended March 31, 2024
  - Net income: Net loss attributable to common stockholders per diluted share of common stock was ($0.76)
  - Result: reported results
  source text: Net loss attributable to common stockholders per diluted share of common stock was ($0.76) for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1467760/000119312524122604/0001193125-24-122604-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.